James Marion

James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

iPass Inc. (NASDAQ:IPAS) Inks Deals

iPass Inc. (NASDAQ:IPAS) shares gained 2.5% after the leading provider of global mobile connectivity announced a collaboration agreement with Tech Data Corp (NASDAQ:TECD). Pursuant to the agreement, Tech Data is to use iPass SmartConnect platform to distribute its intelligent connection management and Wi-Fi service offerings.

iPass Inc. (NASDAQ:IPAS) stock is currently trading in a downtrend after coming under immense selling pressure. The stock is down by more than 50% for the year as it languishes near all-time lows.

Tech Data SmartConnect Platform Integration

The iPass SmartConnect platform is designed to ensure secure connections while on Wi-Fi, thus ensuring privacy and security with full protection. It also guarantees improved productivity given that it keeps mobile employees always on, with unlimited access to Wi-Fi.

The agreement presents iPass a unique opportunity to expand its reach across the U.S and Canada. Tech Data has already reiterated plans to leverage its strategic position to help reach more customers in the channel space. The firm is to offer SmartConnect platform as a stand-alone offering or bundled into a complete solution. The firm also plans to facilitate partnerships between iPass and original equipment manufacturers.

Ooredoo Collaboration

In addition to the Tech Data partnership, iPass Inc. (NASDAQ:IPAS) has inked a strategic partnership with Ooredoo Global Services. The wholesale arm of the world’s fastest growing telecommunication company Ooredoo is to use iPass SmartConnect SDK to provide global Wi-Fi Services to its customers in the Middle East, North Africa and South East Asia.

The integration will allow the service provider to provide customers with simple, yet secure and unlimited Wi-Fi access to millions of hotspots worldwide.

“The iPass SmartConnect SDK makes it incredibly easy for network operators to integrate global Wi-Fi into their existing services. With more customers using roaming services, global Wi-Fi connectivity can prove to be a key differentiator for mobile network operators,” said iPass Vice president Mato Petrusic

Separately, iPass Inc. (NASDAQ:IPAS) is to announce its financial results for the three months ended September 30, 2017, on November 1, 2017, following the close of regular market trading The Company will also host a live conference to discuss the financial results, business activities and outlook.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

AirMedia Group Inc. (ADR) (NASDAQ:AMCN)

AirMedia Group Inc. (ADR)(NASDAQ:AMCN) fell 2.67% after announcing it has entered into amendment No. 5 as part of its Agreement and Plan of Merger dated September 29, 2015. Pursuant to the merger agreement, AirMedia Holdings and AirMedia Merger Co. have agreed to provide a cash escrow or letter of credit for the payment of the parent termination fee.

Merger Agreement

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) stock is currently trading in a downtrend after struggling to rise above $2.80. The stock is down by more than 10% for the year

The leading operator of out-of-home advertising platforms in China entered into a definitive agreement and Plan of Merger with AirMedia Holdings (Parent) and AirMedia Merger Company Limited (Merger Sub) in 2015. Pursuant to the agreement, the Parent agreed to acquire AirMedia Group Inc. (ADR) (NASDAQ:AMCN) for $3 per ordinary share or $6 per American Depository Share.

The bid at the time represented a 70% premium. The Buyer Group is led by Mr. Herman Guo Man, Ms. Dan Shao, and Mr. Qing Xu owning AirMedia. The Buyer Group has since agreed to provide real properties owned by one member as an alternative collateral and security to the Merger agreement.

“The Company cautions its shareholders and others considering trading in the Company’s securities that the availability of the Buyer Group’s funding for the proposed transaction is subject to various conditions. There can be no assurance that all of the funding conditions will be satisfied or that the proposed transaction will be consummated,” AirMedia in a statement.

Amendment No 4

In July, AirMedia Group Inc. (ADR) (NASDAQ:AMCN) entered into Amendment No 4 as part of a transaction which when complete will take the company private. Pursuant to the agreement, the Parent agreed to acquire all outstanding shares of the company not already owned by Mr. Man, Ms. Shao, and Mr. Xu.

The Buyer group also agreed to fund the transaction with proceeds from a loan facility provided by China Merchants Bank Co Ltd pursuant to a debt commitment letter dated Jul 31, 2017. The parties also agreed to increase the parent termination fee from $5.32 million to $10. 64 million.

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) and its subsidiary have since agreed to facilitate the satisfaction of all funding conditions under the Debt Commitment Letter. The termination date of the Merger Agreement has been extended to December 31, 2017.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AMCN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Iconix Brand Group Inc (NASDAQ:ICON)

Iconix Brand Group Inc (NASDAQ:ICON) stock is down over 60% in the last two days after it received notice that Wal-Mart has decided not to distribute the DanskinNow brand beyond January 2019. The market reacted harshly as observers believe the loss of royalty revenues, approximately $15.5 million, may negatively affect Iconix’s ability to service current debt and shrink it lending alternatives.

Iconix Brand Group Inc (NASDAQ:ICON), headquartered in New York City, is a brand management company that owns, licenses, and markets a portfolio of consumer brands across the women’s, men’s, entertainment, and home industries globally.

John Haugh, CEO of Iconix commented, “Improving the balance sheet, enhancing our liquidity position, and more actively managing our brands continues to be our primary focus. With our announcement today of Starter at Amazon, we are demonstrating our ability to successfully reposition our brands. We expect this launch will return Starter to its iconic position of a leading premium athletic brand. Our team will be pursuing similar strategies as we reposition and build our Mossimo and Danskin brands. With respect to the balance sheet, we entered into an amendment of our existing credit facility and will be focused on generating funds in the near term to enhance our liquidity position.”

Other Iconix Developments

Today Iconix Brand Group Inc (NASDAQ:ICON) also announced that Starter, an Iconix premium athletic brand, is now available on Amazon Prime. This new distribution agreement is on the hells of the third quarter 2017 announcement that Starter was no longer exclusive to Walmart.

On October 25, 2017, the United States District Court for the Southern District of New York dismissed the consolidated securities class action brought against Iconix Brand Group Inc (NASDAQ:ICON). In its opinion granting Iconix’s and other defendants’ Motion to Dismiss the matter, the Court provided plaintiffs leave to replead their claims by November 14, 2017.

ICON Stock Performance

ICON stock neared its all-time highs in mid-2014 when the shares were topping out near $45. Since then the shares have slid precipitously and were valued under $10 by early 2016. The recent lows under $2 mark not only 52-week low, but all-time lows. In the last week alone ICON stock has lost almost 70% of its value.

Accordingly, the Relative Strength Index figure is around 12. Experts believe that any value below 20 is usually a trigger for an “oversold” condition, however investors should note that this sell-off follows widely published news of future revenue and earnings losses.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ICON and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA) Projects Revenue Growth

MagneGas Corporation (NASDAQ:MNGA) shares traded higher after the clean technology company said it expects its full-year revenues to increase by 120%. The stock gained 2.2% to end Monday’s trading session at $0.435 a share.

Revenue Growth

Monday’s rally did not have a big impact on the stock’s direction of trade. MagneGas Corporation (NASDAQ:MNGA) stock is down by more than 80% for the year.

For the full year, the company expects revenues of $7.5 million, up from $3.4 million reported last year. The expected growth follows the execution of an ambitious growth strategy over the past year, which Chief Financial Officer, Scott Mahoney, says has allowed the company to focus on sales.

MagneGas Corporation (NASDAQ:MNGA) has successfully expanded its distribution network by expanding relationships across the eastern part of the U.S. in addition to pursuing sales opportunities in Italy and Germany.

“The Company made a strategic decision a year ago to focus on immediate revenue generation, improving cash flows and profitability. I am pleased to report that we have turned the corner, and we are on pace to generate more revenues in the fourth quarter of 2017 than we have in any full fiscal year in our corporate history,” said Ermanno Santilli, CEO of MagneGas.

The ambitious growth strategy has allowed MagneGas Corporation (NASDAQ:MNGA) to record a material increases in operating cash flows.

4th Generation Gasification System

Separately, MagneGas Corporation (NASDAQ:MNGA) has completed the design process of a revolutionary 4th generation gasification system. Development of the new system is expected to put the company ahead of the competition.

The 4th generation gasification system will reduce total production costs by at least 50% in addition to a 75% reduction in power consumption per cubic foot. MagneGas hopes the new gasification system will gain significant market share.

“This new system should significantly reduce the cost of MagneGas2® production. It also has the potential to open lucrative markets in the gasification of solids and solid wastes such as coal and plastics,” said Mr. Santilli.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Celsion Corporation (NASDAQ:CLSN)

Celsion Corporation (NASDAQ:CLSN) shares dropped nearly 20% after the biotechnology firm announced the pricing of an underwritten offering of 2,640,000 shares of its common stock and warrants. The offering prices 1.32 million CLSN shares at $2.50 and each share is is being sold together with 0.50 warrants, with each whole warrant exercisable to purchase one whole share of common stock. The warrants have an exercise price of $3.00 per share, are not exercisable until six months after issuance and will terminate 5 years from the time each warrant is first exercisable. Celsion expects to raise $6.6 million before expenses and fees are deducted.

The announcement sent the shares gapping lower to open at $2.30 after closing on Thursday at $2.86. Twice during October CLSN stock had made runs to the $6 handle before retreating. Prior to Friday, the shares had experienced over ten trading days of consecutive losses.

Lawrenceville, NJ-based Celsion Corporation (NASDAQ:CLSN) is an oncology drug company that develops and commercializes directed chemotherapy, DNA-mediated immunotherapy, and RNA based therapy products for the treatment of cancer. The company’s lead product includes ThermoDox, a liposomal encapsulation of doxorubicin that is in Phase III clinical trials for primary liver cancer; and under Phase II clinical trials for recurrent chest wall breast cancer. It is also developing GEN-1, a DNA-based immunotherapeutic product for the localized treatment of ovarian and brain cancers.

CLSN Stock Performance

On October 4, 2017 Maxim Group upgraded their rating on CLSN shares from a “Hold” to a “Buy” with a $7 price target. Two other investment firms have previously rated CLSN stock as a “Strong Buy”. The one-year consensus price target is $8.

However, shares of the biotech have not performed. Year-to-date shares are down over 45% and are down over 84% for the year. In the short-term shareholders have seen a bounce from the August-September trading range under $2 and their monthly performance is a positive 50% over the past month.

Celsion Corporation (NASDAQ:CLSN) has a consistent history of issuing shares and diluting shareholder equity. In 2012, there were 550,000 shares outstanding and that number has grown each year. In 2016 there were 1.85 million CLSN shares outstanding. Earnings have been just as frustrating for shareholders. Per share losses have been reported every year since 2012 and for 2016 the loss was (-$11.90) per share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CLSN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Planet Payment Inc (NASDAQ:PLPM)

Planet Payment Inc (NASDAQ:PLPM) shares have gained two days in a row after eleven straight days of declines. Volume was especially heavy on Friday when the trading volume was almost 100 times the 30-day, daily average after an acquisition offer from the Fintrax Group was announced.

Fintrax Acquisition Offer

For almost a year, PLPM shares have faced stiff resistance every time they close in on the $4.50 level. With that in mind, traders reacted quickly to the news that Planet Payment Inc (NASDAQ:PLPM) had agreed to be acquired at $4.50 per share by Fintrax Group, an Ireland-based, multi-currency digital payment processing service that caters to the tourist industry. Shares traded in a tight $0.19 range and closed at $4.47.

Long Beach, NY-based Planet Payment Inc (NASDAQ:PLPM) develops and commercializes online payment systems globally. The company’s systems provide a connection between the merchant, its bank, and the card association. Some of Planet Payment’s services include multi-currency processing services, such as Pay in Your Currency, a point-of-sale dynamic currency conversion service. The company also provides the Planet Payment Gateway, a service that provides domestic and multi-currency processing services, global consolidated reporting, data analytics, and commercial transaction services.

Opinion of the deal

Patrick Waldron, Chief Executive Officer of Fintrax Group said, “The acquisition of Planet Payment will expand our ability to serve global customers, particularly in the US, Canada, the Middle East, Latin America, China and South-east Asia. We look forward to working with Carl Williams and his team to grow the combined business.”

Almost immediately after the acquisition terms were announced, law firms questioned the deal and issued press releases announcing their intention to investigate possible breaches of fiduciary duties and other violations of law related to the Company’s entry into the acquisition agreement.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $PLPM and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Cenveo, Inc. (NASDAQ:CVO)

Nano-cap Cenveo, Inc. (NASDAQ:CVO) stock gained over 11% and ended the trading day at $1.40, on heavy volume, despite a lack of news that would normally account for such trading action. One possible explanation could be that investors believe the precipitous drop in CVO share prices has been overdone. In the last month, CVO stock has dropped almost 60% and the Relative Strength Index figure for the stock is under 20 – usually a trigger level for traders searching for stocks exhibiting “oversold” conditions.

CVO Stock History

Cenveo, Inc. (NASDAQ:CVO) stock has a 52-week high of $8.50 which was hit in mid-2016. Through most of the remainder of 2016 CVO stock traded between $6 and $8. Then, in Q22017, the stock made several attempts to break above the $6 handle after dropping to $4. In mid-August the bottom appeared to drop out and while the stock market experienced a bull move, CVO stock only had two weeks of positive gains out of the last 16. For the year, shares of Cenveo, Inc. (NASDAQ:CVO) are down over 80%.

According to reports, Cenveo earnings have, in aggregate, gained over 50% but those same reports have given a forecast that shows negative earnings growth for the next five years. Sales have been flat for the past five years. In 2012, the company reported $1.74 Billion in sales and that number was $1.66 Billion for 2016. The positive news for investors is that 2016 saw the first per-share profit, $8.31, for CVO stock since 2012.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CVO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Perion Network Ltd (NASDAQ:PERI)

Perion Network Ltd (NASDAQ:PERI) shares fell 8.5% after the advertising solutions provider announced it is extending its relationship with search engine Bing. The new agreement, set to run through 2020, should allow the company expand its reach in the search engine ecosystem.

PERI Stock Performance

Thursday’s sell-off saw PERI stock register a new 52-week low of $0.94 a share as it continues to trade in a strong downtrend. For the year, Perion Network is down by more than 30% after it hit a high of $2.32 in February.

Thursday’s sell-off came as a surprise given that the Microsoft Corporation (NASDAQ:MSFT) agreement expected to grow Perion Network Ltd (NASDAQ:PERI) search business. The extension allows the company to continue providing its publishing partners and their consumers a leading search and monetization solutions.

“This enhanced agreement is designed to expand Perion’s reach into the search space, providing additional growth opportunities for us, and enabling us to continue providing comprehensive search solutions to new and existing publishers around the world,” said CEO Doron Gerstel.

Snapchat Partnership

In addition to the Microsoft agreement extension, Perion Network Ltd (NASDAQ:PERI)’s creative advertising division, Undertone, has been named as an official Snapchat Creative Partner. The selection underscores the unit’s ability to offer dynamic creativity on Snapchat’s platform.

Undertone specializes in helping recognizable brands deliver engaging digital experiences to drive business growth. The Perion Network Ltd (NASDAQ:PERI) unit has already partnered with the likes of Unify water and Niagara to help them deliver high impact creative ads.

Perion Financial Results

Separately, Perion Network Ltd (NASDAQ:PERI) will announce financial results for the three months ended September 30, 2017, on November 9, 2017. For the three months ended June 30, 2017, the company reported a net loss of (-$36) million or (-$0.46) cents a share. Revenues dropped 11% from $78 million to $69.7 million, primarily because of a 24% decline in search and other revenues.

Perion Network exited the quarter with cash and cash equivalent of $22.4 million compared to $4.3 million in the second quarter of 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $PERI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Schmitt Industries, Inc. (NASDAQ:SMIT)

Shares of Schmitt Industries, Inc. (NASDAQ:SMIT) are down over 14% just a day after the scientific instrument company hit a new 52-week high. Yesterday, SMIT stock made a new high at $2.32 when investors continued to buy the stock after two previous days of uncharacteristic large daily gains.

Schmitt Industries, Inc. (NASDAQ:SMIT) designs, manufactures, and sells high precision test and measurement products for two main business segments: the balancer segment and the measurement segment. For the Balancer segment, Schmitt designs, manufactures and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry, particularly for grinding machines. For the Measurement segment, Schmitt designs, manufactures, and sells laser and white light sensors for distance, dimensional and area measurements.

Schmitt Earnings

Almost three weeks ago, Schmitt Industries, Inc. (NASDAQ:SMIT) released its operating results for the quarter ended August 31, 2017. For the three months ended August 31, 2017, total sales increased $191,116, or 6.6%, to $3,083,648 from $2,892,532 in the three months ended August 31, 2016. Net loss was $134,098, or (-$0.04) per fully diluted share, for the three months ended August 31, 2017 as compared to net loss of $125,629, or (-$0.04) per fully diluted share, for the three months ended August 31, 2016.

SMIT Share Performance

Despite relatively positive financial results, SMIT stock did not breech the $2 per share mark until this week – almost three weeks after the earnings release. However, shares have been performing well on virtually every level. Year-to-date SMIT shares are up over 36%. They are up over 43% for the year, and up almost 20% this month.

The lack of historical volatility in the shares is mirrored by the relatively flat sales over the last five years. In 2013, sales were posted at $12.5 million, and for FY2017 sales were posted at $12.4 million. The number of outstanding shares has been consistent over the past four years as well – 3 million shares. The blemish for shareholders has been a lac k of profits. For FY2017 the company posted a per share loss of (-$0.36). The prior year the per share loss was (-$0.51) and the year before that, 2014, the loss was (-$0.03). As of today, Schmitt Industries, Inc. (NASDAQ:SMIT) has a market capitalization under $10 and no investment firms follow the stock.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SMIT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Cellect Biotechnology Ltd. (NASDAQ:APOP)

Shares of Cellect Biotechnology Ltd.(NASDAQ:APOP) gained 10.8% after the stem cell developer achieved a major milestone with the conclusion a large study on the use of ApoGraft on stem cells derived from fat tissues. According to the company, the technology led to both an expansion of cells and an improvement in unique cell activity and attributes.

ApoGraft Study Results

According to Cellect Biotechnology Ltd. (NASDAQ:APOP) CEO, Dr. Shai Yarkoni, the study validates the use of the stem cell selection technology on a much wider array of companies and medical centers around the world. The technology could be of great help to the aesthetic and orthopedic industries where fat-derived stem cells are the main raw materials. Up until now, ApoGraft has mostly been used on blood cells. Buoyed by the positive results, Cellect Biotechnology plans to carry out clinical programs and licensing deals for the technology.

APOP Investor Reaction

The positive ApGraft study results helped strengthen investor confidence on the stock seen by the stock skyrocketing to $10 before it dropped to end Wednesday’s trading session at $8.82 a share. The stock is still in consolidation mode after failing on three attempts to rise above the $11 level.

However, the stock is up by more than 140% for the year as it continues to outperform the overall industry. Analysts and brokerage firms have already reacted to the positive trial results by initiating coverage of the stock.

HC Wainwright’s analyst Ram Selvaraju has initiated coverage of the stock with a ‘Buy’ rating. The analysts currently has a $14 price target on Cellect Biotechnology Ltd. (NASDAQ:APOP).

Strategic Alliances

Renewed investor interest on the stock comes on Cellect Biotechnology Ltd. – American Depositary Shares (NASDAQ:APOP) announcing that the significant milestone with ApoGraft technology, positions the company to pursue strategic alliances with other companies.

“This breakthrough finding is increasing our addressable market by an order of magnitude. We can now actively seek strategic alliances for the commercialization of ApoGraft™” in aesthetic medicine as well as orthopedic indications,” said Mr. Yarkoni.

Separately, Cellect Biotechnology Ltd. (NASDAQ:APOP) has confirmed the appointment of Dr. Ronit Bakimer-Kleiner as the new Chief Development Officer, replacing Dr. Yaron Pereg. She takes over with over twenty years of experience as a scientist and executive manager in the biotechnological industrial environment. Ronit previously served as the General Manager of Cognate Bioservices Ltd.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $APOP and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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